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Financial assets: market behavior and profitability

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  • Nikolay Stoychev

Abstract

The analysis of the responsiveness of an asset traded on the stock market to the impact of the market, complements and improves the traditional beta-analysis of the market model. An instrument has been created to supply a more authentic idea of the inner qualities of the system, as more stages of liberty have been conceded to the financial assets. The suggested approach creates opportunities for more precise definition of its responsiveness to the changes of the market. The improvement of the existing analytical instrument allows for a more precise forecast of future profitability of assets.

Suggested Citation

  • Nikolay Stoychev, 2002. "Financial assets: market behavior and profitability," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 68-92.
    • Handle: RePEc:bas:econth:y:2002:i:3:p:68-92
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    References listed on IDEAS

    as
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    More about this item

    JEL classification:

    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading

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